SEC Form 4 · accession 0000038725-17-000147
FRANKLIN ELECTRIC CO INC · FELE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregg C Sengstack
Officer — Chairman and CEO
Period of report
Aug 9, 2017
Accepted (ET)
Aug 9, 2017 · 1:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000038725
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common stock | Aug 9, 2017 | M | 30,600 | $16.095 | A | 414,951 | D | |
| common stockF1 | Aug 9, 2017 | F | 20,860 | $39.85 | D | 394,091 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| optionF2 | $16.095 | Aug 9, 2017 | M | 30,600 | D | — | Feb 28, 2018 | common stock | 30,600 | 0 | D |
Explanation of responses
- F1Includes 15,349 restricted stock units that vest 4 years from the 2/24/2017 grant date, 19,085 restricted stock units that vest 4 years from the 2/25/2016 grant date, 14,317 restricted stock units that vest 4 years from the 2/26/2015 grant date, 5,290 restricted stock units that vest 4 years from the 5/6/2014 grant date, 4,562 restricted stock units that vest 4 years from the 3/4/2014 grant date, and 335,488 shares owned outright.
- F2The options become exercisable in four equal installments of 1/4 each year, beginning on the first anniversary of the grant date.